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Ocean Power Technologies | 10-K/A: Annual report (Amendment)

Ocean Power Technologies | 10-K/A: Annual report (Amendment)

Ocean Power Technologies | 10-K/A:年度報表(修正版)
美股SEC公告 ·  2024/08/28 14:03

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Ocean Power Technologies has filed its annual report for fiscal year 2024, detailing its corporate governance and compensation structures. The company's Board consists of six directors, with five being independent. CEO Philipp Stratmann received total compensation of $858,889, including a base salary of $372,600 and performance-based bonuses.The company implemented several governance updates, including revised stock ownership guidelines requiring the CEO to own 5x base salary in company stock within 5 years, and other executives to own 3x base salary. A new compensation clawback policy was also adopted in 2023, allowing recovery of incentive compensation in the event of financial restatements.The Board's compensation structure emphasizes equity components over cash to align with shareholder interests. Non-employee directors receive $70,000 annually plus restricted stock units valued at $75,000, with additional committee service fees ranging from $8,000 to $30,000. The company's long-term incentive program now grants restricted stock units to all employees, with vesting tied to both time-based and performance-based criteria.
Ocean Power Technologies has filed its annual report for fiscal year 2024, detailing its corporate governance and compensation structures. The company's Board consists of six directors, with five being independent. CEO Philipp Stratmann received total compensation of $858,889, including a base salary of $372,600 and performance-based bonuses.The company implemented several governance updates, including revised stock ownership guidelines requiring the CEO to own 5x base salary in company stock within 5 years, and other executives to own 3x base salary. A new compensation clawback policy was also adopted in 2023, allowing recovery of incentive compensation in the event of financial restatements.The Board's compensation structure emphasizes equity components over cash to align with shareholder interests. Non-employee directors receive $70,000 annually plus restricted stock units valued at $75,000, with additional committee service fees ranging from $8,000 to $30,000. The company's long-term incentive program now grants restricted stock units to all employees, with vesting tied to both time-based and performance-based criteria.
Ocean Power Technologies已提交了2024財年的年報,詳細說明了其公司治理和薪酬結構。公司的董事會由六名董事組成,其中五名爲獨立董事。首席執行官Philipp Stratmann的總薪酬爲858,889美元,包括基本工資372,600美元和基於業績的獎金。公司實施了幾項治理更新,包括修訂的股票持有指南,要求首席執行官在5年內擁有相當於5倍基本工資的公司股票,其他高管則需擁有3倍基本工資的新補償退款政策也於2023年通過,允許在財務重述的情況下收回激勵性補償。董事會的薪酬結構強調權益元件而非現金,以與股東利益保持一致。非員工董事每年獲得70,000美元的薪酬,並獲得價值75,000美元的限制性股票單位,同時額外的委員會服務費在8,000到30,000美元之間。公司的長期激勵計劃現在向所有員工授予限制性股票單位,授予條件與時間和業績標準相關。
Ocean Power Technologies已提交了2024財年的年報,詳細說明了其公司治理和薪酬結構。公司的董事會由六名董事組成,其中五名爲獨立董事。首席執行官Philipp Stratmann的總薪酬爲858,889美元,包括基本工資372,600美元和基於業績的獎金。公司實施了幾項治理更新,包括修訂的股票持有指南,要求首席執行官在5年內擁有相當於5倍基本工資的公司股票,其他高管則需擁有3倍基本工資的新補償退款政策也於2023年通過,允許在財務重述的情況下收回激勵性補償。董事會的薪酬結構強調權益元件而非現金,以與股東利益保持一致。非員工董事每年獲得70,000美元的薪酬,並獲得價值75,000美元的限制性股票單位,同時額外的委員會服務費在8,000到30,000美元之間。公司的長期激勵計劃現在向所有員工授予限制性股票單位,授予條件與時間和業績標準相關。
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